For every commentary saying it will collapse there's one saying it won't. As it stands, you and Samson have been making these calls for over a year now and every time your proposed date of collapse comes and goes, you two morons slink off and disappear until you find your balls again. You, being the financial wizard that you are, predicted the collapse of the dollar because you "had a bad feeling about a week". Remember that week? I think the DOW ended up climbing a hundred or more points on your predicted day of collapse. That was hilarious. Was also the last day I took anything you said seriously.
You guys are inferior versions of Roubini.
Come on. Its impossible to preduct an exact date as so many factors interfere and interject each other.
Schiff gave his speech in 2006 regarding the RE mortgage meltdown. At that time no one was talking like him, no one. He did not give an exact time since thats impossible, but he noticed trends and otyher realities taking shape just as now.
Do you think this past year meant nothing with regard to the debt, bailouts, etc? We delayed a huge collapse and they are betting on a cyclical recovery happening that so far has not happened on their schedule.
Gasaparino was on TV saying that if UE goes to 11% official, we are definately heading for a massive collapse cuz at that rate the mortgage and CC defaults will overwhelm the system. In my mind, 11% UE seems almost inevitable.